WARRANTIES OF THE PLEDGOR Sample Clauses

WARRANTIES OF THE PLEDGOR. The Pledgor hereby warrants that (i) the Pledgor is an appropriate person to originate this instruction and (ii) the Pledgor is entitled to effect the instruction contained herein.
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WARRANTIES OF THE PLEDGOR. Pledgor hereby warrants that Pledgor has the power to originate this instruction.
WARRANTIES OF THE PLEDGOR. The Pledgor represents and warrants and so long as the Indebtedness remains unpaid shall be deemed continuously to represent and warrant that: (a) each item constituting Collateral is genuine and in all respects what it purports to be; (b) the Pledgor is the owner of the Collateral free of all security interests or other encumbrances except the Security Interest; (c) the Pledgor is authorized to enter into this Pledge Agreement; and (d) the Pledgor owns 100% of the outstanding shares of capital stock of each Issuer (as defined herein) subject to no options, voting trusts, proxy rights or similar agreements.

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